PORTLAND, Ore. - (06/10/05) -- A National Guardsman returning froma long tour of duty in Iraq was greeted with a rude surprise--hismother had apparently stolen his identity to drain more than$10,000 from his account at Northwest Community CU. Surveillancecameras at the credit union show the mother, identified as51-year-old Eleanor Alloway, repeatedly withdrawing money fromtheir ATMs using her son's ATM card. Police believe her son's ATMcard came in the mail while he was in Iraq with the 162ndBattalion. The soldier's name was not released, at his request.Alloway, who has been charged with aggravated theft, identity theftand fraudulent use of a credit card, told police she used the moneyfor video poker and for personal purchases, including electronicgames, medical expenses and daily living expenses.
-
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
23m ago -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
3h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
4h ago -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
4h ago -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
6h ago -
The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
6h ago